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Brave Wallet: How Does This Newly Crypto Wallet Built-in Works, How to Use it?

Published

February 6, 2022

Brave Wallet is the world’s first secure cryptocurrency wallet that is integrated directly into the web browser.

There are no extensions or additional steps. This reduces the likelihood of being targeted by fake copies of an app, phishing, or theft. A popular alternative to mainstream browsers, Brave focuses on privacy and ad and tracker blocking.

A Popular Brave Wallet

According to Make Use Of, Brave Wallet is a cryptocurrency wallet that is integrated directly into the Brave browser. Tokens can then be bought, stored, swapped, and managed, NFTs can be sent and received, market data can be viewed, and more. You may not be familiar with this term, but a crypto wallet is a place where you can store digital currencies like Bitcoin, or the Brave Rewards Tokens that will be given out as a part of the reward program.

With Brave Wallet, you don’t need to use extensions, which reduces security risks and gives you a smoother experience. As opposed to the previous Brave crypto wallet, which was built on MetaMask, another crypto wallet that works on iOS, Android, and web browser extensions, this one is designed specifically for mobile devices.

How to use Brave Wallet?

According to Brave, first and foremost, when creating an account, you’ll need to provide your personal information. This step will complete the Know-Your-Customer (KYC) and Anti-Money Laundering (AML) requirements for your organization. Selecting a password and activating two-factor authentication (2FA), if appropriate, will be the final steps in the process.
Installing the app on your device is required before creating an account. If you choose a non-custodial wallet, the app may not ask for KYC or AML information. Instead, just enter a username or email and a password.
Unlocking your non-custodial wallet requires a recovery phrase (key phrase). You can use this unique 24-word combination to access your wallet. This phrase is only given once during wallet setup, so record it and keep it safe. Recover phrases must be recorded in the sequence they appear.
Wallet-funding Before you can buy crypto, you may need to fund your crypto wallet with a credit or debit card.
A step is saved if your wallet allows you to buy crypto directly. In transferring, you can transfer crypto from another wallet to your new wallet using the proper wallet address.